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Rex Tillerson will relinquish control of a quarter-billion dollar nest egg amassed over four decades at Exxon Mobil Corp. to avoid a conflict of interest during his confirmation hearings to become U.S. President-elect Donald Trump’s secretary of state.
If confirmed, the former Exxon chairman and chief executive officer will convert about two million deferred shares to cash that will be surrendered to an independently managed trust, the company said in a statement dated Tuesday.

Starting Tuesday Americans will be subjected to what will feel like endless hours of torture as Senate Democrats get their opportunity to question Trump cabinet appointees. The hearings will undoubtedly focus on the wealth accumulation of many of his nominees as key Democrats have already started to apply pressure for them to turnover historical tax filings.

New York attorney general Eric Schneiderman has started an investigation against Exxon Mobil Corporation (NYSE:XOM) for possibly hiding years of research on impact of carbon emissions on climate change. The US oil major on Thursday confirmed that it had received a subpoena from Mr. Schneiderman for submitting all of its documents related to climate change.

AP Photo/Molly RileyBonn (AFP) - US Secretary of State Rex Tillerson on Thursday will make his diplomatic debut at a G20 gathering in Germany, where his counterparts hope to find out what "America First" means for the rest of the world.

For more than a generation, solar power was a environmentalist fantasy, an expensive and impractical artifact from the Jimmy Carter era. That was true right up until the moment it wasn’t. Solar silicon prices dropped 94 percent from early 2008 to the end of 2011. Crystalline silicon has since fallen an additional 47 percent, to US$15.20 a kilogram.
Many were caught off guard by the emergence of solar as a competitive power source. The scientist who led Exxon’s research arm back in the 1980s wasn’t one of them.

DALLAS — The CEO of Exxon Mobil Corp. says there’s no quick replacement for oil, and sharply cutting oil’s use to reduce greenhouse gas emissions would make it harder to lift 2 billion people out of poverty.
“What good is it to save the planet if humanity suffers?” CEO Rex Tillerson said at the oil giant’s annual meeting Wednesday.
Tillerson jousted with environmental activists who proposed that the company set goals to reduce emissions from its products and operations.

Carlos Barria/ReutersOutside the hearing on former ExxonMobil CEO Rex Tillerson’s nomination as secretary of state, 15 people dressed as T-Rex dinosaurs joined hundreds of protesters.
In addition to calling Tillerson a climate dinosaur — a reference to Exxon's history of climate change denial — the demonstrators’ rhetoric centered around one phrase: #ExxonKnew.